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Archive for the 'Pasco County' Category

Colorful murals adorn New Port Richey real estate

If you’ve spent any time at all on this blog, you know that I like murals.  There’s quite a few of them to be found throughout Tampa Bay, and especially in the various communities of Pinellas County. I’ve written about them before.

Dancers in the Hacienda Hotel in the 1920s, as depicted by mural artist Chad Leininger

Today, I found several of them in an unexpected place.

I live and work in North Pinellas County, and that’s where I do most of my real estate work — Palm Harbor real estate, Tarpon Springs real estate, Dunedin real estate, Clearwater real estate. I also list and sell Pasco County real estate, but I spend less time there than in North Pinellas County.

This morning, however, I had to go north to New Port Richey in Pasco County to look over a house that I may be listing for sale.  After that, I drove a few blocks to downtown New Port Richey, a place I haven’t visited for awhile.

Wha surprise — it was a treasure trove of murals.

One of them featured the Hacienda Hotel, a 1920s-era hotel that was very popular in its day but which has not served any guests for more than the past decade. I need to do a little research on the Hacienda, and when I do I’ll post a story. I like old hotels almost as much as I like murals.

This particular mural was painted on a side exterior wall of Juan’s Black Bean Cafe by a young artist named Chad Leininger. According to an old newspaper article, there are a total of six murals painted on various walls in downtown New Port Richey.

Most of the characters in the mural are local folk. But the artist included himself and some of his family members as well as actress Greta Garbo and baseball legend Babe Ruth. Can you spot them?

Tags: murals, New Port Richey, Pasco County, real estate

Pinellas County homebuyers: Don’t miss the $8,000 first time homeowner tax credit

    More than half of the people who plan to buy a home in the U.S. this year are first-time homebuyers. And ALL of them should look into the $8,000 tax credit that is being offered to first-time homebuyers this year by the federal government
 
      This is a pretty exciting to for first-time homebuyers to get into the market, what with very low prices and historically low interest rates. The $8,000 tax credit is just icing on the cake. It’s hard to imagine that such a “perfect storm” of home-buying advantages will come together again, at least in the lifetimes of most of us.

      Are people really aware of the first time homeowner tax credit? Apparently so – the IRS says that of all the 2008 tax returns filed by March 6, more than a half-million returns claimed the first-time home buyer credit.

      If the tax credit sounds good to you, don’t wait too long – it is only available until Dec. 1, 2009.

 Here are the nine most important things you need to know about the tax credit:

     1. The credit is available to all first-time buyers of any kind of home, new or re-sale.
 First time home buyers are defined as people who have not owned a residence during the three years prior to the purchase date.

     2. The tax credit is an amount of money equal to 10 percent of the home’s purchase price, up to a credit of $8,000.

     3. The income limit for a single taxpayer is $75,000; for married taxpayers filing jointly, income must not exceed $150,000.

     4. If you exceed the income limits, you may qualify for a partial tax credit.

     5. The tax credit does not have to be repaid. Previous tax credits were really interest-free loans.

     6. People who buy homes and claim the tax credit must use the home as a principal residence for at least three years. Those who fail to do that may have to pay the credit amount back to the government.

     7. Claim the tax credit on your federal income tax return by using IRS Form 5405. No other application or form is necessary.

     8. The credit may be claimed even if you have little or no federal income tax liability. An example: You had withholding in the amount of $4,000, but ended up owing taxes totaling $5,000. Normally, you would owe the government another $1,000 on top of what was withheld. However, if you purchased a home and claimed the tax credit, the IRS would send you a check for $7,000 – the $8,000 tax credit minus your $1,000 tax liability.

     9. The tax credit is a dollar-for-dollar reduction in your tax liability. In other words, if you owed the IRS $8,000 in income taxes for 2008 and you claimed the $8,000 tax credit, you would owe the IRS nothing.

Want to know more? Take a few minutes to listen to an expert – Robert Dietz, the tax economist for the National Association of Home Builders. Click on the YouTube icon above.

Tags: Add new tag, first time homebuyer, pinellas county, tax credit

Chinese drywall causing problems in North Pinellas County and elsewhere

I had a disturbing call today from a good client who I sold a new town home to a couple of years ago. She told me that the home (which is in Tarpon Springs, in North Pinellas County) is one that was constructed with Chinese drywall.

Chinese sheetrock causing problems

If you don’t know about this Chinese drywall issue, here are a few facts:

Back in the height of the construction boom, around 2005 and 2006, there was so much new construction going on that American drywall manufacturers could not keep up with all the demand.  So builders began looking around for new sources.
They found it in China.

A LOT of Chinese drywall was imported into the U.S. around that time — maybe 10 million square feet of it. A good portion of it ended up in new homes being built in Florida.

Quite a few of those homes were built by Lennar Homes, including the town home purchased by my client.

What’s the problem?

All or most of that Chinese drywall appears to contain high amounts of sulphur and other materials that should not be there. When the drywall is exposed to dampness in the air, it begins to break down and emit a “rotten egg” smell.  The smell is not the only problem; it also corrodes electrical wiring, plumbing and air conditioning equipment.
And it also can cause some respiratory issues.

To their credit, Lennar Homes appears to be standing behind the homes they sold. In some cases, they are moving people out of the homes while they replace the sheetrock as well as the wiring and plumbing.

The problem is that we don’t know at this point what the scope of the problem is.  I saw a news story the other day that said about 300 homes in Florida had been identified as containing the Chinese sheetrock. With 10 million square feet of it having been sold in the US, the problem might be a good deal bigger than that.

I’ll be following the Chinese sheetrock issue and posting news about it here on the blog. Meanwhile, if you’ve had any experiences with the sheetrock, please tell us about it here in the “comments” section.

Tags: China, drywall, Lennar

Caposey’s Restaurant

 It’s been a while since I posted a restaurant review, but this is a good time because I had breakfast this morning in a place I really like.

Caposey’s is up in New Port Richey, a little north of us, in Pasco County. It’s a Mom & Pop operation that puts out really good food at really good prices. If your idea of a good restaurant is a small, family-run place with great but simple fare and a lot of down-home charm, this might be the place for you.

John and Nancy Caposey were working in a restaurant in Palm Harbor about five years ago when they decided to go out on their own. John cooked at that other place, and Nancy waited on tables.
We remember them from those years at the other place, which later gave way to a fancier place and then went out of business.
Anyway, the Caposeys moved further up US19 and found a good site. They’ve been working hard at it ever since.

“We’re going to have our fifth anniversary on March 5,” Nancy told us this morning. “They say that if you can make it for five years in the restaurant business, you’re going to be all right, so we’re pretty excited about this birthday.”

This morning we had pancakes, which are about the best around here. I’m really fussy about pancakes and I won’t order them out most of the time, but these were really good.

So give it a try. Caposey’s is a little hard to spot when you go up US19 because the restaurant is actually located at 5250 Green Key Rd., a little east of US19. But you can spot it from US19 if you look hard, and the big sign helps. If you see a sign that says “Pioneer Title” on the east side of US19, it’s time to slow down and turn.

Call them at 727-842-4307 if you need directions.

Tags: Pasco County, restaurant

Phoenix’s new light rail system would look good here

Phoenix's light rail: A model for Tampa Bay?

Good question. Let me answer that question with another question: What is the single most obvious lack in the Tampa Bay region, which is the 19th largest metro area in the U.S.?

ANSWER: Light rail transportation.

There are lots of wonderful things to talk about when it comes to Tampa Bay – the beaches, the great airport, the Bucs and the Rays and the Lightning, to name just a few.

But one thing we don’t like to talk about very much is transportation. Getting around here can be tough – the roads are clogged with traffic, especially during the winter “Snow Bird” season. There are just three bridges (well, two bridges and a causeway) that connect the Pinellas side of the bay with the Tampa side.

What we need is some sort of light rail system. It will no doubt happen some day, but so far we have lacked the political will (and the financing) to get it done.

And that brings me to Phoenix.

Just like Tampa, Phoenix used to have street cars, but they went away sometime around 1950. Since then it has been cars, cars and more cars on the region’s streets. Like Tampa Bay, Phoenix has undergone huge growth in the past 50 or 60 years, and local transportation has failed to keep up with the demand.

Until now.

On Saturday (that’s Dec. 27, 2008) Phoenix unveiled its new light rail system with a big party that included everything from free train rides to live music (by, among others, Grand Funk Railroad). Nearly 100,000 residents turned out for the region-wide shindig.

The new system cost $1.4 billion and, for now, only runs the 20 miles between central Phoenix and Mesa. But the system will expand and grow to include many other areas in the coming years.

It took about 15 years to plan the system, and then another four years to build it. Financing it was tricky, just as it will be here if light rail ever comes to Tampa Bay. Still, the Phoenixites (Phoenixers? Phoenicians?) got it done with a special transportation tax along with federal grants and sales taxes.

Planners in Phoenix say the system should have a huge positive effect on downtown business, should lighten auto traffic significantly, and should encourage housing near the rail line and discourage sprawl. In other words, it will be more than just a transportation system; it should also change the face of the overall Phoenix community for the better.

Fares are $1.25 per ride, or you can get an all-day pass for $2.50.

If you compare the new Phoenix system with what could take place here in Tampa Bay, keep in mind the 20-mile range of the Phoenix light rail system; that’s about that same distance as downtown St. Petersburg to downtown Tampa. That image may disappoint those of us who live in North Pinellas County. But if they built a St. Pete-to-Tampa track and started service there, it would be only a matter of time before the service reached north into our part of the county.

Imagine a big circular route from St. Pete over to Tampa, out through New Tampa and then west to North Pinellas or even South Pasco, then down to South Pinellas again. Wouldn’t that be great?

If you want to learn more about the Phoenix system, go to http://www.raillife.com/.

Tags: light rail, phoenix

Maybe doggie dining wasn’t such a great idea after all

Back a few months ago I posted a blog entry about a new Florida state law that allowed restaurants to let diners bring their dogs along. There were a number of restrictions — the local communities had to sign on to the bill, and the restaurants had to have outside dining facilities, for example — but a number of restaurants signed on.

One of the local restaurants was Moon Under Water in St. Petersburg. Plenty of Moon Under Water patrons started bringing their dogs along for lunch and dinner. (The dogs had to stay on the floor, but still…)

Well, things got a little out of hand at Moon Under Water. Lots and lots (and lots) of dog owners started bringing their dogs. People and their dogs lined up out on the sidewalk, waiting for tables. Dogs urinated (and worse) on the sidewalks. Some dog owners were outraged that their dogs had to stay on the floor, so arguments weren’t unusual.

So on Jan. 11, Moon Under Water changed its mind. No doggies allowed anymore.

Tags: dogs, pinellas county, restaurants

Who took “affordable” out of Affordable Housing?

Many people have benefited very nicely as property values in Pinellas County have moved upward. But higher values also cause problems, and people who live in inexpensive housing often pay the biggest penalty.

One example that we see in Pinellas County is what happens to mobile home parks — and to the people who live in them — as prices move upwards.

Some of the most affordable housing in this part of Florida can be found in mobile home parks. Many of these parks were founded more than 20 years ago, and some of them are considerably older than that. Many of them started operations when the surrounding land was little more than orange groves.

But as development has grown up around them, the land that these parks occupy has become more and more valuable. Many of those park owners come to realize that the most profitable path is to sell the parks to developers, who can turn them into commercial developments or even into enclaves for upscale homes.

Residents of these parks, who may have lived there for 20, 30 or even more years, have little recourse. They usually own their mobile homes, but they rent the land that they sit on. If a park owner decides to sell, there is usually little that the residents can do but move on. If they are lucky, they may be able to find a vacant lot in another park, and pay to have their mobile home moved. But empty lot spaces are rare, and many of the mobile homes are too old to be successfully and safely moved, anyway.

The latest example of all this locally is Lakeside Mobile Home Park, a 28-acre site that sites at the intersection of Gulf-To-Bay and Belcher Road in Clearwater. That is one of the busiest intersections in North Pinellas, with around 80,000 vehicles buzzing by on either of the two roads every day.

The owner of the park has notified its 200-plus residents that they must get out by the end of 2006. The landowners say they are not selling the land to nayone else, but they are also not saying at this point what their plans are for the site.

Whatever happens to Lakeside, the people who live there will have to go elsewhere. And they are not alone. Every year, more mobile home residents in Pinellas County learn that they will have to move. Some end up having to move to less developed (and less expensive) areas of Florida, because they have been pretty much priced out of Pinellas.

It’s a tough reality for residents, many of whom are elderly, retired and living on fixed incomes.

Tags: affordable housing, mobile homes, pinellas county

Are lower taxes in Pasco County’s future?

Could property taxes actually be headed down in Pasco County?

That’s the way it looks, even though most property owners have experienced recent tax increases as the value of their properties has gone up.

So why should property taxes be headed down? Because the county’s tax base has been headed steeply up, driven by the continuing upswing in development. All that new construction has resulted in a much more valuable tax base, up an estimated 27 percent in 2006 over 2005.

Mike Wells, the Pasco County tax appraiser, says the tax base was $19.9 billion in 2005, but will be an estimated $25.3 billion this year. That is the biggest one-year tax base increase ever recorded in the county.

When the tax base has grown in the past, county officials have responded by dropping the millage rate, and many of them are predicting that another drop in the tax rate should be coming up, thanks to the expanding tax base.

County officials say that if the millage rate is not dropped, the broadened tax base should generate an additional $87 million or more in new tax revenues.

Tags: Pasco County, taxes